Listed by Stonecliff
$746,154
CVS - Winnsboro
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 4,165
Cap Rate 6.5%
NOI $48,500
Tenancy Single
Brand/Tenant Dollar General, Walgreens
Lease Type NN
Lease Term 18
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 5 (2-Year)
Price per SqFt $179
Year Built 1986
Acreage 0.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 01/12/2013
BELOW MARKET RENT | DENSE RETAIL CORRIDOR
Investment highlights
• The subject property is located directly off S Main St with vehicle counts exceeding 7,400 VPD. It is just off the signalized intersection of E Coke Rd & S Main St (16,000 VPD)
• Dense retail corridor with tenants O’Reilly Auto Parts, Dairy Queen, Valero, McDonalds, Brookshires, Family Dollar, Dollar General, Sonic, Prosperity Bank & More
• Close proximity to Winnsboro Junior High School with over 361 students and Winnsboro high school with over 515 students
• Winnsboro, TX is located an hour and a half from downtown Dallas and has grown by 12-13% in the past 10 years
Listing Contacts
Listed by Stonecliff
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$48,500.00
$4,041.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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